09/02/2013
Genworth Closes Sale of Wealth Management Units
Genworth Financial, Inc. announced today it has closed the sale of its Wealth Management business, including Genworth Financial Wealth Management and alternative solutions provider
Wealth and Asset Management
09/02/2013
Fiera Capital Acquires Wealth Management Firm
Fiera Capital Corporation announced today that it has reached agreements to acquire a prominent U.S. wealth management firm and, separately, a global asset manager as part of its strategy to expand into the U.S. market.
09/02/2013
Financial services to make 100,000 millionaires by 2017
At the end of 2012 there were 302,000 millionaires (HNWIs) in Australia, collectively holding US$900 billion, or 15.5% of the total individual wealth in the country.
09/01/2013
One in five Swiss bankers received no bonus last year
The Swiss financial industry portal finews.ch and Communicators communications agency surveyed more than 500 people working in the Swiss financial sector.
09/01/2013
China Bank Regulator: Need More Regulation of Wealth Management Products
Mr. Shang's remarks are generally in line with those of other officials who have called for ensuring the financial system serves the real economy.
09/01/2013
Towry in talks to buy Bluefin
Bluefin owner AXA had put the business up for sale, alongside employee benefits arm Bluefin Corporate Consulting, in 2011.
09/01/2013
OCBC unit to boost discretionary services
Bank of Singapore wants to boost assets under management to US$80 billion as more wealthy Asians let private banks decide on investments
09/01/2013
Religare buys Macquarie stake in wealth management JV
The 50:50 JV between the two investment banks was formed on 2007 to tap the fast-growing high networth individuals (HNI) client case
09/01/2013
First State Global Emerging Markets Leaders Fund removal from Wealth 150
The First State Global Emerging Markets Leaders Fund has been removed from the Wealth 150 list of our favourite funds for new investment.
09/01/2013
Exclusive: Qatar bolstering wealth fund team to diversify portfolio - sources
The hiring reflects a long-term objective of geographically balancing a portfolio which is now nearly 80 percent exposed to Europe.
09/01/2013
Novia unveils plans for DFM division
The DFM will offer a range of risk-rated model portfolios using passive investments including Oeics and exchange-traded funds.
09/01/2013
Hargreaves Lansdown Founders Set for £56m Dividend
Analysts are predicting pre-tax profits of £190 million for the year, representing a jump of 25%, and a final dividend of 23.1p.
08/31/2013
HSBC to cease wealth management business in some MidEast countries
HSBC, Europe's biggest bank, has cut its retail banking business in some Middle Eastern nations
08/30/2013
Indo-Brits Account For 22% Of UK’s Ultra-Rich Club
Super-rich Indians account for more than 20% of the wealth of ultra-high net worth
08/29/2013
UBS launches first wealth management master programme in APAC
The two-year part-time programme is aimed at providing participants exposure to in-depth and actionable expertise in client book management, client investment and client relationship management.
08/29/2013
Swiss private banks: 25% expected to go
Performance good but too small to survive
08/29/2013
Wealth management more alluring to top banks
The bank has not built out its wealth management capability aggressively
08/29/2013
UK Wealth Management posts £1.9m loss as RDR slows progress
It said revenue had declined as it changed its charging structure and that its approach to the RDR had caused some advisers to leave.
08/29/2013
Sparse coverage spells opportunity in frontier markets
Frontier markets have not suffered the same heavy year-to-date outflows as emerging market funds
08/28/2013
Lombard Odier has made two appointments to the firm's Asia-Pacific team
The two executives will be Hong Kong-based and report to Vincent Duhamel, head of Lombard Odier Asia-Pacific. Both positions are new roles.